We Are Alx Inc

What it reported doing in 2025

The organization operates at the intersection of economic competitiveness and community advancement, working to ensure that latino individuals, entrepreneurs, and families are fully positioned to participate and contribute to the commonwealth's economic future. Through leadership development, small business support, strategic covenings, research, ecosystem building, and cross-sector partnerships, we are alx advances solutions designed to strengthen both individual and broader statewide economic vitality. The organization has built a network of over 10k individuals and the programs amplify economic, leadership, and policy outcomes while fortifying community foundations and infrastructural ecosystems. Economic prosperity is where latino entrepreneurs and businesses intersect with the resources and support provided by alx to build generational wealth and power economic growth and opportunity. Through culturally-relevant programs and strategic support, we empower latino-owned businesses to overcome barriers, access capital, and scale sustainably. By championing economic growth, we are investing in a highly-skilled and increasingly diverse workforce- strengthening the economic future of Massachusetts for everyone. Leadership and representation drive transformative change, where latino voices converge with visibility and influence to shape a more equitable future. By elevating emerging and established leaders and amplifying latino american impact through platforms like the alx100, alx talks, and digital visibility campaigns, we shine a spotlight on the talent and power within our community. Through our leadership and visibility efforts, we are reshaping narratives and focusing on the positive impact latino americans are making today. Policy and advocacy are where latino community needs and systemic change meet, with alx championing policies that make Massachusetts more competitive and equitable. Alx has very strong relationships within the latino community and Massachusetts government- making us uniquely qualified to bridge gaps in a culturally-relevant and effective manner. Through collaboration with coalitions and partners, we transform advocacy into action, creating lasting impact that strengthens the social and economic fabric of Massachusetts. 2025 achievement highlights during 2025, the organization continued expanding its statewide business and leadership intiatives, with particular focus on gateway cities and underserved entrepreneurial ecosystems in low-income and disadvantaged communities. We are alx sponsored hundreds of primarily latino-owned businesses through technical assistance, digital transformation support, ecosystem navigation, and leadership programming designed to help businesses stablilize, grow, and scale. In 2025: 601 businesses participated in the alx business network; 393 latino-owned businesses received direct support; 75% of participating businesses integrated innovation and/or digital transformation strategies; 72% reported creating new jobs; 78% reported retaining existing jobs; the organization delivered more than 3,900 hours of direct business support and technical assistance. The organization also continued investing in leadership representation initiatives designed to increase latino participation in public and private leadership, boards, and commissions, civic engagement, and statewide influence networks. Additionally, we are alx continued advancing its focus on childcare sustainability as economic infrastructure through intiatives supporting family childcare providers and entrepreneurs. The organization recognizes that stable childcare ecosystems contribute directly to workforce participation, economic productivity, and family economic security across Massachusetts. Throughout 2025, we are alx also continued integrating technology and innovation into its programmatic model, including efforts to expand digital business capabilties and explore the responsible integration of artificial intelligence

Financial Efficiency

• Mission deployment rate: 50.9%; rating input score 51
• Program expense ratio: 59%; rating input score 59
• Fundraising efficiency: $7.84 raised per $1 spent on fundraising; rating input score 27; 27th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 90.9%; rating input score 91; 22nd percentile among comparable filings
• Governance controls: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Fail
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 13.7%; rating input score 63; 63rd percentile among comparable filings
• Total-asset coverage ratio: 0.2; rating input score 6; 6th percentile among comparable filings
• Liabilities to assets ratio: 0.27; rating input score 29; 29th percentile among comparable filings
• Officer compensation ratio: 33%; rating input score 6; 6th percentile among comparable filings

Growth

• Program expense growth: 26.3% per year; rating input score 100; 89th percentile among comparable filings
• Revenue growth: 24.3% per year; rating input score 100; 91st percentile among comparable filings
• Asset growth: 7.7% per year; rating input score 100; 47th percentile among comparable filings